Bitcoin value reaches new all-time high against the dollar, continuing upward trend

Bitcoin's rise can also be attributed to the fact that the currency has remained relatively free from major security breaches. In September, BitCoin exchange BitFloor was forced to temporarily suspend operations after a hacker stole more than $250,000 in virtual money. Things have been mostly stable since then, though security concerns to continue to loom large over Bitcoin's future, and will likely remain critical to its success going forward.